Shamshad has applied for a loan from the Kiva partner, Asasah, for her business of selling goats. With the loan she will buy goats to expand her business. She is hopeful that this investment will help her to make a good profit, which she will use for the education of her children. She is a regular loan user of Asasah and this is her 3rd loan application. She is a responsible client and fulfills her duties responsibly.
She lives with her family in a two-room brick house in a small city named Khanewal in Pakistan. Khanewal is famous for its agriculture industry.
Note: In the photo, Shamshad is the lady who is holding a book (called the Asasah Passbook) in her hands.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid